'Snail issuance' would drop ETH staking yield from ~2.6% to ~1.6% EIP coming soon. The ETH issuance would be capped at 0.5% a year, and would be at zero if staking passed 50% Currently, it's ~33% LSTs and leveraged DeFi strategies that depend on staking yields will feel this the most by reduced TVL and fees. But hopefully ETH can also attract more users, activity onchain and fees leading to Ultrasound Money. Yep, I'm not giving up on that narrative. It is the best narrative ETH ever had.(Ignas | DeFi)